How To Read Channels

... for me... just for me...
.... if you refer to that last one....
... i would only consider it a valid channel on those four hits of that first day....
.... when it stopped there 2 days later.... that just demonstrates that the market has memory.... just the trendline extended from that channel....
.... but as far as the channel itself... i would consider it broken once it left the channel toward the end of the first day....
....maybe it was misleading for me to imply that the channel was still on for 3 days.... i only considered it unbroken during that first day....

.... having said that... let's make clear that i am not an expert on channels.
....my hope is that others will contribute channels that they think are important....
.... thereby i may see something i missed.... selfish isn't it ? :0)

....i don't know what channel trading is...

 

....now confirmed.... what do you know ?

 

....with only one chart contributor besides the op....
.... i vote this the best thread on ET ? ...naah....

 

Add Volume to your charts and sync your trend lines with Volume. I also recommend dropping the 'chanel tool' in favor of learning to annotate the trends by hand.

- Spydertrader

 

..... hey thank you for contributing....you are one of the most generous contributors to ET .....
..... my channel construction is a work in progress.... thanks for the tips

..... I would really like people to start contributing their screen shots of channels they see....

....guess it will take a while to catch on....

 

.....folks.... i realize that ET can be a wily place....
.... but don't be shy
..... just want to make a collection jar here of channels.....
..... if i miss some channels..... then i know you are missing some as well....
..... remember that two year count down.... if no channels are contributed in that time.... the thread will be closed...

 

daily
.... still no chart contributors...

....you can see that bottom line of last big channel up there..... should be major resistance....

 

hourly globex

 

30 min trading hours.....

 

ym 512 tick

....to those who don't know.... you are being charged one dollar for every ten views of this thread.....
...... this fee is waved for each channel that you contribute.....
..... pretty good deal if you ask me